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2246 23Rd Ave Oakland, CA $ 1,300,000
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$ 1,300,000 Get more info
2246 23Rd Ave
$ 1,300,000
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2246 23Rd Ave

Oakland, CA, 94606
$ 1,300,000
Bedrooms1 Baths-- Sq 4,715

Monthly Estimate*

$ 8,208

2246 23Rd Ave, Oakland, CA 94606 - Image 1
2246 23Rd Ave, Oakland, CA 94606 - Image 2
2246 23Rd Ave, Oakland, CA 94606 - Image 3
2246 23Rd Ave, Oakland, CA 94606 - Image 4
2246 23Rd Ave, Oakland, CA 94606 - Image 5

Commercial Property for sale in Oakland, CA

for $1,300,000 with 1 bedroom. This 4,715 square foot building was built in 1926 on a lot size of 0.07.

Fully occupied seven-unit multifamily asset in Oakland's Highland Terrace neighborhood. $1,300,000 ($185,714/unit, $275/SF). 5.46% current cap rate vs. 7.41% at market rents, with 20.4% rental upside and 35.6% NOI growth potential with no capital spend. Recent capital improvements include upgraded plumbing, electrical, windows, and roof. Located under 1 mile from Highland Hospital and roughly 1.6 miles from Fruitvale BART, with direct access to I-880. In-place NOI: $70,803. Market NOI: $96,095. The 2 live/work style units are not permitted.

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Commercial Active

Price

$ 1,300,000

Bedrooms

1

Property Type

Commercial

Taxes

$ 0

Style

5 or More Units

Lot Size

0.07

Year Built

1926

Town/City

Oakland

County/Region

Alameda

MLS | Web ID

41144736
Features
General
Living Area 4715
Heating Other
Cooling Other
Roof Flat
Construction Materials Stucco
Year Built 1926
Property Subtype 5 or More Units
Community Features None
County Alameda
Property Type Commercial Sale
HOA false
Subdivision Name Highland Terrace
Garage Y/N false
Status New
Directions Property is at the SE corner of 23rd Ave (94606) and E 23rd St (94601)
City Oakland
MLS Area Listing
Lot Size Square Feet 2840
Standard Status Active
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Interior
Flooring Vinyl
Air Conditioning Y/N true
Heating Y/N true
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Exterior
Parking Features No Parking on Site
Lot Features Corner Lot
Water Source Public
Lot Size Area 3049.2
Building Area Total 4715
Lot Size Acres 0.07
Other Equipment None
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* Excluded Features
List By
Joseph Owens

Listing Agent

Marcus & Millichap

Broker

joe.owens@marcusmillichap.com

Email

Affordability Calculator

$8,208
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,208
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
0 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
8/12/2026$1,300,000 Listed Price

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2246 23Rd Ave, Oakland, CA, 94606 is a Commercial Property for sale at $1,300,000 with 4,715 sqft and a lot size of 0.07. 2246 23Rd Ave has 1 bedroomsThe property's zip code is 94606 which is in Oakland, CA

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